Indian Stocks, Rupee Edge Lower After Fed Move

MUMBAI—While Indian assets were among the worst-hit earlier this year when the U.S. unveiled plans to end its easy-money policies, they were little changed after the U.S. announced that the long-dreaded "taper" was actually starting.

Indian stocks and the rupee lost ground but didn't plunge Thursday, as the Federal Reserve's move to cut its bond-buying program rekindled concerns of slowing foreign inflows.